Morning Note

23 Oct 2013

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DATA MATRIX OF LAST SESSION

INDEX Sensex Nifty Midcap Smallcap Close 20865 6203 5988 5871 %Chg -0.09 0.23 1.58 2.32

FIRST LIGHT HEADINGS

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 2162 11268 115615 129045

%Chg
3.40 -8.78 -31.00 -29.10

MARKET INSIGHT
On October 22 Oct 2013, In sector specific activities, Power stocks in demand on renewed buying activities. Following it were the stocks of Capital Goods and Public Sector Undertaking (PSU) counters. Majority of the state-run banks spiked up on the reports that government earmarked Rs 14,000 crore for capital infusion in the public sector banks during the current fiscal. Besides, sugar stocks continued their bull run for the second consecutive day, on report that sugar production dropped by 4.5% to 25.14 million tonnes in 2012-13, nevertheless sufficient enough to fulfill domestic consumption, which grew by 3.6% to 22.8 million tonnes in 2012-13 over previous year. Banking stocks tied up some gains after the industry body in their pre-policy meeting with the RBI governor, Raghuram Rajan, demanded announcement that there would be no further tightening and the Central Bank would start to move to a more accommodative monetary stance. Meanwhile, most of the earnings reported today were encouraging, Yes Bank rose over 4% on reporting 21.3% rise in its quarter ended net profit of Rs 371.1 crore on the back higher interest income and growth in non-interest income. Rallis India too rallied over 2% on reporting 21.42% rise in consolidated net profit at Rs 74.75 crore.

NET INFLOWS (Rs Crs)

FIIs DIIs 794.9 (845.3)

%Chg
-54.65 48.82

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 15343.93 60580.69 28804.84 3101.32

%Chg
4.75 0.81 2.35 9.81

World Indices
Dow Jones Nasdaq FTSE 100 15468 3930 6696

%Chg
0.45 0.41 1.10

Commodity
Crude (US$/bl)

%Chg
98.0 1341.2 -2.96 2.15

a ratio of 1497: 1042, while 134 scrips remained unchanged. (Provisional)The BSE Sensex lost 23.56 points or 0.11% to settle at 20870.33.The index touched a high and a low of 20948.91 and 20810.25 respectively. Among the 30-share Sensex, 13 stocks gained, while 17 stocks declined. The BSE Mid cap and Small cap indices ended higher by 0.66% and 1.13% respectively. (Provisional) 0.78%, IT up by 0.47% and Teck up by 0.39% were the top gainers, while Consumer Durables down by 1.01%, Auto down by 0.54%, Oil & Gas down by 0.42%, Realty down by 0.23% and FMCG down by 0.01% were the only losers in the space. (Provisional) low of 6,220.10 and 6,181.80 respectively. Out of the 50 stocks on the Nifty, 24 ended in the green, while 25 ended in the red and one stock remains unchanged. India VIX, a gauge for markets short term expectation of volatility lost 1.09% at 19.96 from its previous close of 20.18 on Monday.

Gold (US$/oz) Top 5 Movers TATAPOWER HCLTECH POWERGRID AXISBANK GAIL

Close Price
82.2 1,113.60 101.95 1,200.00 334.45

%Chg
2.75 2.72 2.46 2.05 2.03

Top 5 Loser
HINDALCO RANBAXY M&M HEROMOTOCO DLF

Close Price
116.25 393 875.1 2,070.00 164.5

%Chg
-1.82 -1.45 -1.42 -1.42 -1.2

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Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: Very lackluster and flat closing for the bourses at Dalal Street after a choppy session of trade, which in absence of any positive trigger, failed to gain any traction, with Sensex ending the session down in red. Market adopted a wait and watch approach ahead of September's non-farm payrolls data of US, due to release later in the evening, which is likely to offer clues on the strength of the economic recovery and on how long the Fed might maintain its easy policy stance. Local equity markets, after recovering in green for couple of times, failed to maintain fervor as vindictive bears fought back with vigor. At close, both Sensex and Nifty ended near their previous closing level, above psychological 20,850 and 6,200 mark respectively. Meanwhile, broader indices outperforming the larger peers by fat margins, ended with gains of over half a percent.. For the upcoming sessions spot index may continue its range bound journey however 6230-6260 could be the near term resistance zone. Any substantial break out above this range with decisive volumes may further strengthens the current sentiment and we might se 6360-6390 in a short span of time. On the flip side any spiral selling below 5860-5830 may attract some bears and we might see 5630-5650 though any correction could be used as a decent opportunity to go long.....

Index
SENSEX NIFTY BANK NIFTY

Support 2
20470 6102 10412

Support 1
20605 6145 10605

Previous Close
20865 6203 10845

Resistance 1
20998 6244 11022

Resistance 2
21215 6296 11212

Trend
Rangebound Rangebound Rangebound

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Morning Note
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NAME
Varun Gupta Mohit Taneja

DESIGNATION
Head - Research Research Analyst

E-MAIL
varungupta@moneysukh.com

mohit.t@moneysukh.com

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Please refer to important disclosures at the end of this report

For Private circulation Only

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Mansukh Securities and Finance Ltd

Mansukh House, Plot No. 6, Opp. Mother Dairy Plant, Patparganj Road, Pandav Nagar, New Delhi-110002, Phone: 91-11-30211800, 47617800, Fax: 011-30117710, Email: research@moneysukh.com, Website: www.moneysukh.com

SEBI Regn No. INB010985834 / 010985834 NSE: INB230781431 SEBI Reg.No: BSE: INBBSE: 010985834, F&O: INF PMS Regn No. INP000002387 NSE: INB 230781431, F&O: INF 230781431, DP: IN-DP-CDSL-73-2000, IN-DP-NSDL-140-2000 MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293